U.S. SECURITIES AND EXCHANGE COMMISSION

             Litigation Release No.  16086 \ March  12,  1999

             SECURITIES AND EXCHANGE COMMISSION v. MICROWEST INDUSTRIES,
             INC. , MICROWEST INCOME FUND, THOMAS J. PERKINS, ET AL.,
             Civil Action No. 97-9150 (CAS)(CTx)


                  The Securities and Exchange Commission announced that
             on March 4, 1999, the Court entered judgments of permanent
             injunction and ordered the payment of substantial
             disgorgement against perpetrators of a Ponzi scheme.  Judge
             Christina A. Snyder of the United States District Court for
             the Central District of California issued Final Judgments of
             Permanent Injunction against Defendants MicroWest
             Industries, Inc., and CIC Radiology, Inc. as its successor
             in interest, MicroWest Income Fund and Thomas J. Perkins.
             The Complaint filed by the Commission alleged that the
             defendants made false claims regarding the companies’
             alleged ability to assemble and repair computers and an
             alleged unique teleradiology process.  The defendants
             raised over $4.2 million from 191 investors nationwide.

                  The Final Judgments enjoin MicroWest Industries, CIC
             Radiology as its successor in interest, and MicroWest Income
             Fund from violations of Sections 5(a), 5(c) and 17(a) of the
             Securities Act of 1933  and Section 10(b) of the Securities
             Exchange Act of 1934 and Rule 10b-5 thereunder.  The Final
             Judgment as to Perkins enjoins him from violations of
             Sections 5(a) and 5(c) of the Securities Act and Section
             15(a)(1) of the Exchange Act.  In addition the Final
             Judgments order: (1) MicroWest Industries and CIC Radiology
             as its successor in interest and MicroWest Income Fund to
             disgorge $2,800,000, plus prejudgment interest of
             $222,125.03, and (2) Perkins to pay a $5,500 civil money
             penalty.

                  The Complaint, which was filed on September 17, 1997,
             named thirteen individuals  and entity Defendants.  A
             Judgment of Default was previously entered against MicroWest
             Microsystems, Inc.  The case remains pending against the
             other defendants.